Description

Financial centres are constantly evolving to accommodate an increasingly integrated global economy and an equally challenging environment post financial crisis. They are home to a range of financial services and serve as intermediaries between mostly non-resident clients and international and local financial institutions, large or small. Financial centres have grown over recent decades as a direct result of the increasing importance of financial markets across the globe. Using analysis from a representative sample of financial centres in Europe and elsewhere, face-to-face surveys pre and post crisis and systematic comparisons, Financial Centres in Europe provides a comprehensive assessment of the extent to which increased international cooperation in regulation and taxation could allow financial centres to better respond to risks and opportunities facing them in the future. At the same time, it identifies challenges of a geopolitical and macroeconomic nature facing financial centres in the coming years.